The overall European economy is showing significant growth, with Portugal's economy developing rapidly, far exceeding the average European economic level, and demonstrating continued strength in the real estate sector! Property sales volume increased by 30% in the first half of this year! Experts predict that the Portuguese real estate market will continue to remain hot, and Portugal remains one of the most worthwhile regions for real estate investment in Europe!
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Portugal's economy grew by 2.8% in the second quarter, exceeding the Eurozone average
According to a report by "Dinheiro Vivo," Portugal's Gross Domestic Product (GDP) in the second quarter of 2017 grew by 2.8% compared to the same period last year, exceeding the Eurozone average of 2.1%.
In addition, according to data released by Eurostat on August 1, the preliminary GDP of the 19 Eurozone countries grew by 2.1% year-on-year in the second quarter, higher than the 1.9% in the first quarter. Analysts expect the Eurozone to maintain this recovery momentum in the second half of this year.
Domestic demand is an important driver of economic growth in the Eurozone. Eurostat data shows that in May this year, retail sales in the Eurozone increased by 0.4% month-on-month, higher than the 0.1% increase in the previous month; the year-on-year increase reached 2.6%, which is the same as the previous month.
Furthermore, the employment situation in the Eurozone continues to improve, and the unemployment rate has fallen to the level seen before the European debt crisis. Data shows that in June this year, the unemployment rate in the 19 Eurozone countries fell from 9.2% in May to 9.1%, lower than the 10.1% in June last year, marking the lowest level since February 2009.
Portugal's property sales volume increased by 30% in the first half of the year
According to a report by "Diário de Notícias," data released by APEMIP this week shows that in the first six months of this year, Portugal's real estate sales volume increased by 30%, amounting to approximately 80,000 properties. If this pace is maintained, this year will be the best year for the Portuguese real estate market since 2010. Notably, a significant number of transactions were made with full, one-time payments.
Currently, the European economy is rising, the Euro exchange rate is climbing steadily, and the overseas real estate market is booming. Many investors are closely watching overseas real estate investment projects. Since its introduction, the Portuguese Golden Visa program has been highly favored by Chinese investors, and the number of applicants continues to grow.
Today, Portugal's rapid economic growth has further increased the "gold" content of the Golden Visa, which will continue to attract global investors to invest and purchase property. The Portuguese property investment immigration program itself also has extremely high investment value. By purchasing property worth 500,000 Euros, one can achieve three-generation immigration, realizing a win-win of European asset allocation and EU residency.
What are investors waiting for? Now is the perfect time for investment immigration to Portugal! If interested, please call 400-138-2929 to contact WorldWay and consult with professional experts for further information.